Marsh & McLennan Agency buys insurer Aviation Solutions

14 March 2016

Marsh & McLennan Agency, a US-based subsidiary of Marsh, has added Aviation Solutions to its long line of acquisitions in the insurance market. Through the acquisition, Marsh & McLennan Agency bolts on a reputable supplier of mid-market aviation offerings for clients across the US.

A wave of acquisitions has been passing over the middle-market insurance industry in recent years. The U.S. insurance business is huge, with about 3,000 life insurance companies, 2,000 property and casualty insurance companies and 20,000 insurance brokerage firms. Smaller companies find it hard to compete in this market, while large insurers can afford to diversify along several different lines, as the current low interest rates make it an attractive time for acquisitions.

The latest firm to bolster its ranks through M&A is Marsh & McLennan Agency (MMA), with revenues of approximately $900 million currently the 12th largest insurance broker in the US. The firm, built up from a range of acquisitions, was formed in 2008 and currently employs 4,000 professionals. MMA is a subsidiary of Marsh – which is itself is a subsidiary of Marsh & McLennan Companies.

The acquisition of Aviation Solutions will raise MMA's profile further, allowing for diversification into the aviation industry. Founded in 2004, Aviation Solutions (the firm employ roughly 10 people) offers customised aviation risk insurance programmes for individual, corporate, and commercial clients; including employee-health plans, worker’s compensation and pilot life insurance, across the United States. The company is located in Missouri, US, although it has a license to operate in all 50 states.

Marsh & McLennan Agency buys insurer Aviation Solutions

MMA’s acquisition of Aviation Solutions will see the company become part of MMA’s upper Midwest region practice, and will operate out of MMA’s existing Overland Park, Kansas, office. David Eslick, Chairman and CEO of MMA, “welcomes the firm”, adding that the company’s strong reputation will boost MMA’s profile in the area of aviation. “The addition of this tremendous professional team in Overland Park provides specialised aviation industry expertise and experience that will benefit clients throughout the upper Midwest and across the country,” says Eslick.

Aviation Solutions CEO Kyle White adds: “We are excited to join the MMA team. This transition is an excellent opportunity to expand our reach, while ensuring new opportunities for our associates and more resources for our clients. Aviation Solutions’ commitments to those we serve and the broader aviation industry will remain our focus as we continue to deliver the world-class service and expertise our clients have come to expect.”



SQW Group purchases property-based regeneration consultancy

19 April 2019

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”